KYC/AML

KYC/ AML
Know Your Customer and Anti Money Laundering (KYC/AML)The client investigation and the policies that were implemented by Intercoin management make sure that Intercoin is working on a 100% compliant base according to European and Dutch law. Subsequently these procedures and policies make sure that our clientinvestationg is always up-to-date with the developments on the internet. Among the security measures that Intercoin uses are:
• An appointed Executive Compliance Officer with the experience and freedom to implement and enforce KYC / AML measures and which is responsible for this policy;
• Monitoring of developments in law and regulations about KYC/AML requirements;
• A risk based approach;
• A system that automatically notices abnormalities and notifies Intercoin staff;
• Training of personnel about law and regulations and dealing with customers.
The client investigation is tailored to the risk of the type of client, the business relation, the product or the risk at money laundering or terrorism financing. In all cases, when the transaction or user’s risk is high or when Intercoin doubts the reliability of the collected data, risk based approach measures will be applied to ensure that the collected information is correct. In this case we speak of an advanced client investigation. Intercoin reserves the right to request more information at any time and to suspend the transaction until this risk is removed according to judgement of Intercoin management.

KYC/AML Safety

Before you can buy coins you have to register with our website. We use KYC/AML verification, the account can be verified in 3 tiers:

Tier 1:

This is a basic registration with your email address . In this tier you can buy and sell coins for an maximum amount of €100,- per day, and €250,- per week.

Tier 2:

This registration level requires your name and address information, bank account number, phone number verification, receipt from a to the address delivered product or service and a copy of your ID. With the receipt we can validate the authenticity of the name and address. Also we will do a mobile phone number verification where at the same time, a 2fa security element will be built in. The last step is a skype verification. This way you are safe even if someone is trying to hack you. In this tier you will be able to buy and sell coins for a maximum amount of €5000,- per day, and €15000,- per week.

Tier VIP:

When you choose to place an order for more than €15.000,- at once you automatically become tier VIP.